Corner One-Bedroom
For Sale
$224,900
4600 S FOUR MILE RUN DRIVE Unit 1040, Arlington, VA 22204
Updated interior features include a granite-countertop kitchen, refreshed bathroom, parquet flooring, and extensive closet storage.
Property Size881 SF
Price / SF$255.28
Days on Market27
Property Features for 4600 S FOUR MILE RUN DRIVE Unit 1040
General Information
Standard status
Active
Size
881 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x one-bedroom
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,448
Amenities
tennis courts
outdoor pool
fitness center
sauna
trails
walking paths
Bancroft Community Center
Building Details
Building Size
881 SF
Year Built
1965
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Veronique Onteniente · License #0225249524
(202) 386-8457
Source:
Jackrealtygroup
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 881-square-foot corner condo has one bedroom and windows on multiple sides. Interior features include an updated kitchen with granite countertops, a refreshed bathroom, wood parquet flooring, and generous closet space, including walk-in closets. The property was built in 1965 and has views of trees and a creek. Parking includes underground space #92, described as approximately the size of two standard spaces, plus one unassigned surface space.
Building amenities include tennis courts, an outdoor pool with lap lanes and a children’s pool, a fitness center, sauna, and showers. Walking trails and paths are also nearby, along with the Bancroft Community Center and Shirlington Village. Shuttle service connects to the Pentagon Metro, with buses nearby and access to I-395, Route 50, Route 66, and I-495.
Building amenities include tennis courts, an outdoor pool with lap lanes and a children’s pool, a fitness center, sauna, and showers. Walking trails and paths are also nearby, along with the Bancroft Community Center and Shirlington Village. Shuttle service connects to the Pentagon Metro, with buses nearby and access to I-395, Route 50, Route 66, and I-495.
Key Highlights
- 881‑square‑foot, one‑bedroom corner condo
- Granite‑countertop kitchen, refreshed bathroom, and wood parquet floors
- Creek and sunrise views, with windows on multiple sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,257
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,140
$265.1K
Cap Rate 7%
$189,386
$189.4K
Cap Rate 9%
$147,300
$147.3K
Market Conditions
NOI Build-Up for 881 SF
Gross rent
$25.4K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$24.1K $27.36/SF
− OpEx
−$10.8K −$12.31/SF
NOI
$13.3K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,140
Cap Rate 7%
$189,386
Cap Rate 9%
$147,300
Alternative Uses
Best Use
Apartment 5plus
$189.4K
$165.7K – $221.0K
NOI $13,257 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$489.3K
$428.2K – $570.9K
NOI $34,253 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
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Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior features include a granite-countertop kitchen, refreshed bathroom, parquet flooring, and extensive closet storage.
Where is this residential income property located?
The property is located at 4600 S FOUR MILE RUN DRIVE Unit 1040 Arlington, VA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 881‑square‑foot, one‑bedroom corner condo; Granite‑countertop kitchen, refreshed bathroom, and wood parquet floors; Creek and sunrise views, with windows on multiple sides
